Jim Kasten

About Jim Kasten

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So far Jim Kasten has created 42 blog entries.
1:03 pm May 16, 2013

1st Quarter 2013 Apartment Market Update

By | 2017-10-04T14:31:07+00:00 May 16th, 2013|

Vacancy rates continue to decrease and rental rates are increasing.  Total sales were down slightly from past quarters due to shortage of inventory both from distressed assets and reasonably priced communities.  Buying pressure remains strong – with California starting to get back into our market.  New apartment construction has significantly ramped [...]

4:05 pm January 7, 2013

Qtr 4 2012 – The Metro Phoenix Apartment Market

By | 2017-10-04T14:31:24+00:00 January 7th, 2013|

In the 4th quarter, there were 79 regular apartment sales (10+ units), a significant increase over recent quarters.  In addition, there were five portfolio sales of two or more properties.  This last quarter saw over half-billion in sales ($509,574,300) with 8,337 total units.  There were 29 communities sold with more than [...]